“We don’t necessarily increase rates as reference rates are increased,” says Gwen Muteiwa, the Chief Finance Officer (CFO) of Letshego Holdings, responding to a question from Antwi Kwanena, the Portfolio Manager at Kgori Capital, this week.
“Our customers want some level of predictability in terms of instalments,” Muteiwa continued to wrestle with the question which sought to establish how the lender passed its cost of funds to customers. The query from Kwabena Antwi, Portfolio Manager at Kgori Capital was motivated by the elevated interest expense which the CFO had in her presentation said the company experienced particularly during the first half of 2022. This Is Premium Content. Subscribe or Login To Unlock The Content!
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